THE cost of rent in Limerick has increased by over 20 per cent in the past year, well above the national average.
Rental prices now stand 95 per cent higher, on average, than before the Covid-19 pandemic
That’s according to the latest Daft.ie Rental Price Report which looked at trends in the Irish rental market for the first quarter of 2025.
The average price of rent across Limerick City now stands at €2,405, well above the national average of €2,023.
It also represents an 95 per cent rise in prices from pre-Covid times.
A one-bedroom apartment in the city could now cost renters, €1,374 – an 8.1 per cent increase since this time last year.
A two-bedroom home could set people back nearly €1,700, and a 3-bed now costs over €2,000 per month.
The Daft figures also reveal some disheartening news for prospective homeowners as the cost of renting in Limerick City remains considerably more expensive than securing a mortgage.
As part of the Daft.ie report, mortgage costs for a range of properties (from one to five-beds) and variable rates was compiled.
A mortgage on a one-bed apartment in Limerick City, Daft research found, would cost an average of €776 per month.
The cost of renting the same apartment shoots up to an average price of €1,374 per month.
These figures are consistent for two, three, four, and five-bed homes with the cost of renting more expensive than taking out a mortgage.
The picture is slightly brighter in County Limerick, with the average price of rent per month at €1,704 – still a four per cent rise since the same time last year.
A one-bedroom apartment in the county now costs on average just over €1,000, steadily increasing to €1,814 for a five-bed home.
The cost of a mortgage also remains slightly cheaper in the county, except for large four and five bed homes.
Rent a Room trends also show that a single bedroom in Limerick City now costs on average of €564 per month, compared to €581 in the suburbs.
Double bedrooms in the city are the most expensive at €733, and €665 in the suburbs.
Labour’s housing spokesperson and Limerick TD Conor Sheehan slammed what he described as the government’s “ongoing failure to tackle the rental crisis” following the publication of the Daft.ie report.
“The figures are devastating – average rents now over €2,000 nationally, and in my own constituency of Limerick city, tenants are facing annual increases of 20.4 per cent. That is simply unsustainable. Renting is broken in Ireland, and it’s renters who are paying the price.”
